House Study Bill 300 HOUSE FILE BY (PROPOSED COMMITTEE ON WAYS AND MEANS BILL BY CHAIRPERSON SHOMSHOR) Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the amendment of the bylaws of a horizontal 2 property regime. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2727HC 82 5 mg/je/5 PAG LIN 1 1 Section 1. Section 499B.15, subsection 6, Code 2007, is 1 2 amended to read as follows: 1 3 6. The percentage of votes required to amend the bylaws 1 4 which percentage shall not exceed seventy=five percent of the 1 5 apartment owners. 1 6 EXPLANATION 1 7 Under present law for horizontal property regimes 1 8 (condominiums) no specific percentage of votes are needed to 1 9 amend the bylaws. This bill specifies that the percentage of 1 10 votes required to amend the bylaws shall not exceed 75 percent 1 11 of the apartment owners. 1 12 LSB 2727HC 82 1 13 mg:rj/je/5